Corporate Wellness Market Size, Trends, Share, Growth And Forecast 2023-2030|ComPsych Corporation (US), EXOS(US)

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The global Corporate Wellness Market size was valued at USD 66.52 billion in 2021 and is projected to reach USD 123.18 billion by 2028, growing at a CAGR of 9.2% from 2022 to 2028. Over analysis period 2023-2030

Corporate wellness is a new concept, in which programs are created to offer a healthier lifestyle for the employee in the workplace. Corporate wellness programs develop productivity, minimize absenteeism, rise positive morale, and by designing an organizational culture of health to employee wellbeing it supports a holistic approach. The history of corporate wellness stated that in the 1800s the practice of employee wellness was generally simple.

Players Covered in Corporate Wellness Market are:

ComPsych Corporation (US),Wellness Corporate Solutions (US),Virgin Pulse (US),Provant Health Solutions (US),EXOS(US),Marino Wellness (US),Privia Health (US),Vitality Group (Chicago),Wellsource Inc. (US),Central Corporate Wellness (Singapore),Truworth Wellness (US),SOL Wellness (US),CXA Group (Singapore),Optum (US) and other major players.

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The service providers offer both internal and external health management, providing a chance for the corporate wellness sector to expand. The high expense of workplace wellness is one of the challenges the corporate wellness sector faces. To better educate employees about their health risks, encourage healthy working habits, and reduce healthcare costs, corporate wellness programmes are developed and implemented in corporate offices. Corporate entities are gradually implementing these technologies to increase productivity, reduce absenteeism, and improve the quality of work and employee morale.

Market Segmentation

Corporate Wellness Market Segment by service Types, Estimates, and Forecast by 2028

Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management

Corporate Wellness Market Segment by Applications, Estimates, and Forecast by 2028

Small Scale, Medium Scale, Large Scale

Regional Analysis for COVID-19 Outbreak-Global Corporate Wellness Market:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Corporate Wellness Market Dynamics

As more people become aware of and support corporate wellness efforts, the market for corporate wellness is growing. By encouraging a health-conscious workplace culture, the provision of such services is meant to encourage and support a holistic approach to employee well-being. Other benefits of wellness services include improved health outcomes, enhanced productivity, and higher levels of employee engagement. For instance, the UK-based Better Space was created to safeguard and enhance employees’ mental health at all times. The rise of the corporate wellness market is a result of the aforementioned factors.

Market Dynamics And Factors For Corporate Wellness Market

Drivers:

  • Growing Prevalence of Chronic Diseases

Restraints:

  • Low Awareness About the Corporate Wellness Programs

Opportunity:

  • Increases in The Fitness and Health Promotion Industry

This Corporate Wellness Software Market Research/Analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is used for Corporate Wellness Software? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Corporate Wellness Software Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was Global Market Status of Corporate Wellness Software Market? What Was Capacity, Production Value, Cost and PROFIT of Corporate Wellness Software Market?
  • What Is Current Market Status of Corporate Wellness Software Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Corporate Wellness Software Market by Taking Applications and Types in Consideration?

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